The S&P BSE Sensex fell 173.77 points, or 0.21%, to close at 82,327.05, while the NSE Nifty 50 fell 58 points, or 0.23%, to close at 25,227.35.
This is how analysts read the market pulse:
Domestic markets started the week on a cautious note as the ongoing US government shutdown and escalating trade tensions between the US and China triggered risk-off sentiment across Asia, said Vinod Nair, head of research at Geojit Investments. He added that profit bookings in the consumer and discretionary sectors after recent rallies indicated a tactical shift in investor positioning. “The mixed earnings in the second quarter further weighed on sentiment, with IT stocks underperforming, while the financial sector increased selective buying following the easing of regulations. Mid and small cap stocks retained positive undertones. While a marginal recovery in INR and softening inflation expectations helped cushion losses, overall sentiment remained subdued, leading markets slightly remained negative,” said Nair.
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American markets
Wall Street’s major indexes advanced on Monday, recovering from the previous session’s sharp decline, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns about renewed trade tensions between the US and China.
Supporting the sentiment, US Treasury Secretary Scott Bessent said in an interview with Fox Business Network on Monday that Trump was on his way to meet his Chinese counterpart in South Korea as the two sides work to de-escalate trade frictions.
“Don’t worry about China,” Trump said on his social media platform on Sunday. He also said that China’s leader, Xi Jinping, “doesn’t want a depression for his country, and neither do I. The US wants to help China, not harm it!!!”
It was a sharp turnaround from the anger Trump showed on Friday, when he accused China of “a moral turpitude in dealing with other countries.”
European markets
European shares staged a modest comeback on Monday, shaking off Friday’s painful sell-off after US President Donald Trump toned down his aggressive trade stance on China.
The pan-European STOXX 600 index rose 0.4%, paring some losses from a 1.3% decline after Trump threatened a 100% tariff on Chinese goods in retaliation against China for curbing its critical mineral exports.
Technical view
The Nifty index witnessed some profit booking at higher levels amid weak global cues but, however, managed to defend and close its immediate support at 25,200, said Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking, adding that the overall trend remains bullish as long as the index trades above 25,050, and a gradual rise towards 25,400 seems likely in the short term.
“On the derivatives front, new call writing was observed at the 25,300 strike, which now has the highest open interest (OI) on the call side. A decisive break above 25,300 could trigger short covering, paving the way for further upside. Meanwhile, the base has shifted higher to the 25,200 strike, indicating strong support at that level. Overall, the data set sees looks positive, and a sustained move above 25,300 will confirm a follow-through. rally in the index,” said Jain.
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Most active stocks in terms of turnover
Tata Investment (Rs 2,597 crore), Tata Motors (Rs 2,214 crore), BSE (Rs 2,126 crore), HDFC Bank (Rs 1,821 crore), ICICI Bank (Rs 1,231 crore), SBI (Rs 1,054 crore) and RIL (Rs 1,043 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in terms of value can help identify the counters with the highest trading turnover per day.
Most active stocks by volume
Vodafone Idea (shares traded: Rs 111.09 crore), YES Bank (shares traded: Rs 25.19 crore), Reliance Power (shares traded: Rs 8.20 crore), Adani Power (shares traded: Rs 6.49 crore), Suzlon Energy (shares traded: Rs 4.44 crore), Tata Motors (shares traded: 3.32 crore) and BLS International Services (shares traded: 2.57 crore) were among the most actively traded stocks in terms of volume on NSE.
Stocks that show buying interest
Shares of Jubilant Ingrevia, Tata Investment, KFIN Technologies, CE Info Systems, UTI AMC, ABSL AMC and L&T Finance were among the stocks that witnessed strong buying interest from market participants.
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52 Week High
More than 157 stocks hit their 52-week highs today, while 122 stocks fell to their 52-week lows. Those that hit their 52-week highs included SBI and Eternal.
Stocks see selling pressure
Stocks that witnessed significant selling pressure included BLS International Services, Reliance Power, Tata Communications, Kaynes Technology, Emcure Pharmaceuticals, Redington and Authum Investment.
Sentiment meter bullish
Market sentiment was bullish. Of the 4,459 shares traded on the BSE on Monday, 2,736 shares witnessed a decline, 1,558 a rise, while 165 shares remained unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)
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